Golding's finishing department had the following data for July:
Transferred-In Materials Conversion
Units transferred out 60,000 60,000 60,000
Units in EWIP 15,000 15,000 9,000
Equivalent units 75,000 75,000 69,000
Costs:
Work in process, July 1:
Transferred-in from fabricating $2,100
Materials 1,500
Conversion costs 3,000
Total $6,600
Current costs:
Transferred-in from fabricating $30,900
Materials 22,500
Conversion costs 45,300
Total $98,700
Required:
1. Calculate unit costs for the following categories: transferred-in, materials, and conversion. Round your answers to the nearest cent.
Unit transferred-in cost $
Unit materials cost $
Unit conversion cost $
2. Calculate total unit cost. Round your answer to the nearest cent.
$per unit
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